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Technology Stocks : JDS Uniphase (JDSU)
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To: Ibexx who wrote (15031)12/19/2000 11:46:32 PM
From: Gerald Walls   of 24042
 
Bush Sr., to this day, still blamed Greenspan for contributing to his defeat in 1992. AG simply refused to yield to political pressure to cut rate at an earlier stage to avoid a recession.

And it's ironic that while Clinton was campaigning he called the economy "the worst in 50 years", but now he includes that very year in "the greatest peace-time expansion ever." I vividly remember how just a few days after Bush lost the election the economic reports showed that the upturn had started.

Of course, if one were paranoid one might say that this time around Greenspan tried to engineered a recession in a bid to keep Gore and his radical environmentalism from truly wrecking the economy. If so he almost didn't start soon enough...
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